How Big is the Genome Market | Growth Insights & Size 2025

Q: How big is the genome market?

The genome market was estimated at USD 26 billion in 2024 and is projected to reach USD 60 billion by 2031.

Q: What is the growth rate of the genome market?

The genome market is expected to grow at a CAGR of 12% during 2025–2031.

Q: What factors are driving market growth?

Primary drivers include increased demand for personalized medicine, advancements in sequencing technology, and genetic research funding.

Q: Who are the major players in the genome market?

Leading players include Illumina, Thermo Fisher, Pacific Biosciences, Oxford Nanopore, and QIAgen.

Q: How does 6W market outlook report help businesses in making decisions?

6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

Q: Do you also provide customisation in the market study?

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Code: MTA6348

Publication Date: Jul 2025

What is the size of Genome Market?

According to 6Wresearch internal database and industry insights, the Genome Market was exhibited at USD 26 billion in 2024 and is projected to reach USD 60 billion by 2031, growing at a CAGR of 12% during the forecast period 2025–2031.

The growth of market is predicted for the strong growth in the forthcoming years as the market is driven by rising investments in genomics research, the expansion of precision medicine, and declining costs of genome sequencing technologies.

Key Growth Drivers of the Genome Market

Increasing demand for personalized and predictive healthcare
Technological advancements in genome sequencing and bioinformatics
Rising prevalence of genetic and chronic diseases
Supportive government funding and public-private genomic research initiatives
Expanding application of genomics in agriculture, diagnostics, and drug discovery

Genome Market Trends

Genome market is growing over the years as the adoption of next-generation sequencing is rising (NGS) for clinical and research purposes. The interest is rising in at-home DNA tests is boosting direct-to-consumer genome services. AI and big data analytics are being leveraged for genome interpretation and clinical decision-making. Also, the multi-omics approaches combining genomics with transcriptomics and proteomics are gaining traction. Global collaborations are fostering large-scale genomic databases for population-scale studies.

Emerging Developments in the Genome Market

Genome market is seeing new developments which include whole genome sequencing which is becoming a clinical standard, especially in oncology and rare disease diagnostics. Excluding these, single-cell genomics is enabling precise cellular analysis, and CRISPR-based genome editing is opening new possibilities for genetic therapies. Startups are innovating in cloud-based platforms to handle massive genomic datasets efficiently. Further, the portable genome sequencers are being developed for rapid field diagnostics and decentralized healthcare.